eprintid: 9980
rev_number: 5
eprint_status: archive
userid: 1
dir: disk0/00/00/99/80
datestamp: 2009-11-04 16:42:28
lastmod: 2015-04-25 06:06:51
status_changed: 2012-08-15 08:50:25
type: workingPaper
metadata_visibility: show
creators_name: Eichberger, Jürgen
creators_name: Grant, Simon
creators_name: Lefort, Jean-Philippe
title: Neo-additive capacities and updating
ispublished: pub
subjects: ddc-330
divisions: i-181000
keywords: Ambiguity , Updating , Choquet Expected Utility , neo-additive capacities , Conditional Certainty Equivalent Consistency 
abstract: This paper shows that, for CEU preferences, the axioms consquentialism, state independence and conditional certainty equivalent consistency under updating characterise a family of capacities, called Genralised Neo-Additive Capacities (GNAC). This family contains as special cases among others neo-additive capacities as introduced by Chateauneuf, Eichberger, and Grant(2007), Hurwicz capacities, and ε-contaminations. Moreover, we will show that the convex version of a GNAC is the only capacity for which the core of the Full-Bayesian Updates of a capacity, introduced by Jaffray (1992), equals the set of Bayesian updates of the probability distributions in the core of the original capacity.
abstract_translated_lang: eng
class_scheme: jel
class_labels: D 81, D 82
date: 2009
date_type: published
id_scheme: DOI
id_number: 10.11588/heidok.00009980
schriftenreihe_cluster_id: sr-3
schriftenreihe_order: 0490
ppn_swb: 1648439985
own_urn: urn:nbn:de:bsz:16-opus-99800
language: eng
bibsort: EICHBERGERNEOADDITIV2009
full_text_status: public
citation:   Eichberger, Jürgen ; Grant, Simon ; Lefort, Jean-Philippe  (2009) Neo-additive capacities and updating.  [Working paper]     
document_url: https://archiv.ub.uni-heidelberg.de/volltextserver/9980/1/Eichberger_Grant_Lefort_2009_dp490.pdf